LondonMetric Property PLC 2023 AR2
The report highlights LondonMetric's financial and operational performance for the fiscal year ended March 31, 2023, during a period of significant macroeconomic volatility. Despite a revaluation deficit leading to an IFRS reported loss of £506.3 million, the company grew its EPRA earnings by 8.1% to £101.1 million and increased its dividend per share by 2.7% to 9.5p. LondonMetric successfully executed £273 million in disposals of mature and non-core assets to manage leverage, maintaining a modest loan-to-value ratio of 32.8%. On the sustainability front, the company improved its portfolio's environmental metrics, with 90% of its assets now rated EPC 'A' to 'C' and 31% certified BREEAM Very Good or Excellent.
Company: LondonMetric Property PLC
Sector: Real Estate
Country: United Kingdom
Year: 2023
Type: AR2
Pages: 236
LondonMetric Property PLC
Annual Report And Accounts
The report highlights LondonMetric's financial and operational performance for the fiscal year ended March 31, 2023, during a period of significant macroeconomic volatility. Despite a revaluation deficit leading to an IFRS reported loss of £506.3 million, the company grew its EPRA earnings by 8.1% to £101.1 million and increased its dividend per share by 2.7% to 9.5p. LondonMetric successfully executed £273 million in disposals of mature and non-core assets to manage leverage, maintaining a modest loan-to-value ratio of 32.8%. On the sustainability front, the company improved its portfolio's environmental metrics, with 90% of its assets now rated EPC 'A' to 'C' and 31% certified BREEAM Very Good or Excellent.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees